In this case, the debtor has to draw up a plan of how the debt will be paid off. In this case, the debtor will have to pay much more than they would have otherwise paid.
If you are having some financial trouble, you may be considering filing for bankruptcy. Before you make this decision, take a few moments to understand the implications and impacts that this will have on you and your family. Consider scheduling an appointment to sit down with a professional that will be sure to file everything correctly for you.